M&A Adviser and Financing Bank League Tables 2020
The TMT M&A Awards league table offers a valuable glimpse into the leading advisers & banks
- TMT M&A Adviser – EMEA (DEAL VALUE)
- TMT M&A Adviser – EMEA (DEAL QUANTITY)
- TMT M&A Adviser – ASIA PACIFIC (DEAL VALUE)
- TMT M&A Adviser – ASIA PACIFIC (DEAL QUANTITY)
- Comms Infrastructure & Services M&A Adviser - AMERICAS (DEAL VALUE)
- Comms Infrastructure & Services M&A Adviser - AMERICAS (DEAL QUANTITY)
- TMT Financing Bank – EMEA (DEAL VALUE)
- TMT Financing Bank – EMEA (DEAL QUANTITY)
- TMT Financing Bank – ASIA PACIFIC (DEAL VALUE)
- TMT Financing Bank – ASIA PACIFIC (DEAL QUANTITY)
League table criteria:
- Deals over US$50m completed from Aug 1, 2019 to July 31, 2020.
- Minority stake sales are not included if below 20%. Block trade sales or investments are not included.
- Where more than one Adviser is listed on deals they are allocated the amount equally.
- For debt tables only lead banks (MLAs, managing bookrunners or similar) are credited.
TMT M&A ADVISER – EMEA - DEAL VALUE
| RANKING | COMPANY NAME | VALUE US$M |
| 1 | Goldman Sachs | 28,223.67 |
| 2 | Morgan Stanley | 20,261.00 |
| 3 | UBS | 15,701.83 |
| 4 | Lazard | 15,524.50 |
| 5 | Bank of America | 15,390.17 |
| 6 | LionTree | 12,801.77 |
| 7 | Credit Agricole | 11,179.33 |
| 8 | Credit Agricole | 9,611.00 |
| 9 | JP Morgan | 8,233.33 |
| 10 | Robey Warshaw | 6,734.67 |
WINNER: Goldman Sachs
Standout deals include: advising on the sale of Advanced Software by Vista Equity Partners to BC Partners for £2bn (US$2.61bn); advising Telecom Italia Group's (TIM) E10.4bn-valued tower merger with Vodafone into INWIT; advising Just Eat on its £6.2bn (US$8.08bn) merger with Takeaway.com; and advising Insight Partners' acquisition of Veeam Software for US$5bn.
TMT M&A ADVISER – EMEA - DEAL QUANTITY
| RANKING | COMPANY NAME | QUANTITY |
| 1 | GCA Altium | 25 |
| 2 | Goldman Sachs | 20 |
| 3 | Lazard | 18 |
| 4 | Oakley Advisory | 13 |
| 5 | Citi | 13 |
| 6 | Bank of America | 12 |
| 7 | Morgan Stanley | 11 |
| 8 | UBS | 10 |
| 9 | JP Morgan | 10 |
| 10 | Rothschild | 10 |
WINNER: GCA Altium
GCA Altium advised on a total of 25 qualifying deals, including advising Marlin Equity on the majority sale of Qualitest to Bridgepoint for c.US$420m; advising CVC on its acquisition of a minority stake in Israeli software firm ironSource for US$400m; plus advising the British Growth Fund on the sale of UK hosting business Miss Group to Perwyn.
TMT M&A ADVISER – ASIA PACIFIC - DEAL VALUE
| RANKING | COMPANY NAME | VALUE US$M |
| 1 | Macquarie Capital | 13,100.00 |
| 2 | Bank of America | 5,630.00 |
| 3 | Deutsche Bank | 5,500.00 |
| 4 | Goldman Sachs | 2,571.50 |
| 5 | Credit Suisse | 1,545.20 |
| 6 | JP Morgan | 1,252.00 |
| 7 | Grant Samuel | 1,050.00 |
| 8 | Chardan | 769.00 |
| 9 | CICC | 593.00 |
| 10 | China Renaissance | 579.00 |
WINNER: Macquarie Capital
Standout deals include: Advising TPG Telecom on its A$16.5bn (US$11.6bn) merger with Vodafone Hutchison Australia; plus advising Macquarie Infrastructure & Real Assets (MIRA)-led consortium's acquisition of AirTrunk for A$3bn (US$2.1bn).
TMT M&A ADVISER – ASIA PACIFIC - DEAL QUANTITY
| RANKING | COMPANY NAME | QUANTITY |
| 1 | Goldman Sachs | 4 |
| 2 | JP Morgan | 4 |
| 3 | Credit Suisse | 3 |
| 4 | DC Advisory | 3 |
| 5 | ING | 3 |
| 6 | Macquarie Capital | 2 |
| 7 | Bank of America | 2 |
| 8 | Redpeak Advisers | 2 |
| 9 | Chardan | 1 |
| 10 | CICC | 1 |
WINNER: Goldman Sachs
Standout deals include: advising AirTrunk on A$3bn (US$2.1bn) sale to the Macquarie Infrastructure & Real Assets (MIRA)-led consortium; and advising on the sale of TEG by Affinity Equity Partners to Silverlake for A$1.3bn (US$926m).
COMMS INFRA & SERVICES M&A ADVISER - AMERICAS - DEAL VALUE
| RANKING | COMPANY NAME | VALUE US$M |
| 1 | Goldman Sachs | 15,049.00 |
| 2 | Morgan Stanley | 12,979.00 |
| 3 | JP Morgan | 12,950.00 |
| 4 | Evercore | 9,065.00 |
| 5 | Raine Group | 5,300.00 |
| 6 | Centerview Partners | 5,300.00 |
| 7 | SMBC | 5,300.00 |
| 8 | Mizuho | 5,300.00 |
| 9 | PJT Partners | 5,300.00 |
| 10 | Citi | 3,151.00 |
WINNER: Goldman Sachs
Standout deals include: advising Deutsche Telekom and T-Mobile US on the US$26.5bn Sprint acquisition; Zayo Group in its US$14.3bn take-private by Digital Colony and EQT Infrastructure; and Macquarie Infrastructure Partners, in partnership with Netrality’s management team, on their acquisition of Netrality Data Centers from funds managed by Abrams Capital Management.
COMMS INFRA & SERVICES M&A ADVISER - AMERICAS - DEAL QUANTITY
| RANKING | COMPANY NAME | QUANTITY |
| 1 | Bank Street Group | 10 |
| 2 | Goldman Sachs | 9 |
| 3 | Citi | 8 |
| 4 | Evercore | 7 |
| 5 | TD Securities | 5 |
| 6 | Morgan Stanley | 4 |
| 7 | MVP Capital (Houlihan Lokey) | 4 |
| 8 | JP Morgan | 3 |
| 9 | Credit Suisse | 3 |
| 10 | Santander | 3 |
WINNER: Bank Street Group
Bank Street Group advised on a total of 10 completed deals. Standout transactions include advising Beanfield Metroconnect on its sale to Digital Colony; AMP Capital on its deal to acquire Expedient from Landmark Media Enterprises; and Argo Infrastructure Partners on its US$320m investment in TierPoint alongside a consortium of new investors.
TMT FINANCING BANK – EMEA - DEAL VALUE
| RANKING | COMPANY NAME | VALUE US$M |
| 1 | Societe Generale | 21,415.40 |
| 2 | BNP Paribas | 18,027.80 |
| 3 | Credit Agricole | 13,362.70 |
| 4 | HSBC | 11,372.00 |
| 5 | Citi | 10,236.40 |
| 6 | Barclays | 9,304.50 |
| 7 | JP Morgan | 8499.60 |
| 8 | Deutsche Bank | 7,356.50 |
| 9 | Natixis | 5,493.10 |
| 10 | Credit Suisse | 5256 |
WINNER: Societe Generale
Societe Generale worked on 100 financing deals in the qualifying period including some of the largest transactions in the sector, namely: the E5.4bn bridge facility for Altran Technologies; Cap Gemini’s E3.5bn bond issue; Cellnex Telecom’s £2bn acquisition loan to acquire Arqiva; and Deutsche Glasfaser’s E1.4bn loan.
TMT FINANCING BANK – EMEA - DEAL QUANTITY
| RANKING | COMPANY NAME | QUANTITY |
| 1 | Societe Generale | 100 |
| 2 | BNP Paribas | 80 |
| 3 | Credit Agricole | 52 |
| 4 | HSBC | 41 |
| 5 | Barclays | 38 |
| 6 | Citi | 35 |
| 7 | JP Morgan | 32 |
| 8 | Deutsche Bank | 27 |
| 9 | Natixis | 25 |
| 10 | Bank of America | 21 |
WINNER: Societe Generale
Societe Generale worked on 100 financing deals in the qualifying period including some of the largest transactions in the sector, namely: the E5.4bn bridge facility for Altran Technologies; Cap Gemini’s E3.5bn bond issue; Cellnex Telecom’s £2bn acquisition loan to acquire Arqiva; and Deutsche Glasfaser’s E1.4bn loan.
TMT FINANCING BANK – ASIA PACIFIC - DEAL VALUE
| RANKING | COMPANY NAME | VALUE US$M |
| 1 | HSBC | 4,435.63 |
| 2 | Goldman Sachs | 4,064.65 |
| 3 | ING | 3,842.23 |
| 4 | Citi | 3,264.35 |
| 5 | Morgan Stanley | 2,942.14 |
| 6 | Deutsche Bank | 2,613.87 |
| 7 | Bank of America | 2,526.21 |
| 8 | JP Morgan | 2,277.14 |
| 9 | Mizuho | 2,274.21 |
| 10 | DBS Bank | 1,931.35 |
WINNER: HSBC
Standout deals included key financing transactions in the qualifying period such as Singtel Group’s S$3.5bn loan; Vocus Group’s AU$1.379bn refinancing package; Lufax’s US$1.29bn loan; and Softbank KK’s Margin Loan totalling JPY 500bn.
TMT FINANCING BANK – ASIA PACIFIC - DEAL QUANTITY
| RANKING | COMPANY NAME | QUANTITY |
| 1 | HSBC | 14 |
| 2 | DBS Bank | 13 |
| 3 | Citi | 12 |
| 4 | ING | 11 |
| 5 | Goldman Sachs | 9 |
| 6 | BNP Paribas | 9 |
| 7 | Mizuho | 8 |
| 8 | Credit Suisse | 7 |
| 9 | ANZ | 7 |
| 10 | Morgan Stanley | 6 |
WINNER: HSBC
Standout deals included key financing transactions in the qualifying period such as Singtel Group’s S$3.5bn loan; Vocus Group’s AU$1.379bn refinancing package; Lufax’s US$1.29bn loan; and Softbank KK’s Margin Loan totalling JPY 500bn.
TMT Finance 2020 League Table Criteria:
Data includes all transactions which were completed between the period of Aug 1, 2019 and July 31, 2020.
Coverage - TMT Finance League Tables include:
- EMEA: Telecom, Media and Technology coverage for M&A financial advisory and financing banks
- Asia Pacific: Telecom, Media and Technology coverage for M&A financial advisory and financing banks
- Americas: Communications Infrastructure & Services coverage for M&A financial advisory only
Value
- M&A transactions with a deal value greater than or equal to US$50m are included. Minority stake sales are not included in the M&A tables if below a 20% stake. Block trade sales or investments are not included.
- Financing transactions with a deal value greater than or equal to US$50m are included for any type of debt financing transaction, including (but not limited to): Term Loans, Revolving Credit, Issuing of Notes, Capex Financing.
League Table Deal Credits
- For Deal Quantity on M&A Adviser and Financing Banks, parties are allocated one deal credit for each qualifying deal.
- For Deal Value on M&A Adviser, each individual deal value is divided by the number of banks advising on each side of the transaction. Those amounts are then added together to give a Total Deal Value for each bank.
- The same applies for the Financing Bank League Tables, but only lead banks (MLAs, managing bookrunners or similar) are given a credit.
Tie Breaks
- For any tie breaks on Deal Quantity for M&A and Financing, parties have been ranked using a secondary metric of total Deal Value.
- For any tie breaks on Deal Value for M&A and Financing, parties have been ranked in alphabetical order.
Notice
Every effort has been made to include transactions sourced from a combination of TMT Finance Deal Data, and directly from companies who submitted their data by the nominations deadline. TMT Finance does not take responsibility for any missing data. TMT Finance limits (to the maximum extent permitted under applicable law) any and all liability arising as a result of any missing, incomplete or incorrect data.
